Financial Information

Graduate Tuition

Current costs of attendance may be found at the MIT Graduate Admissions website.
For the class entering in September 2023, the total tuition for the Master of Engineering in Advanced Manufacturing and Design Program is itemized as follows:

Fall semester graduate tuition: $29,875
Spring semester graduate tuition: $29,875
Summer tuition: $20,640.   

To learn more about graduate tuition visit the MIT Office of the Registrar Website.

Tuition Financial Assistance

In 2024, all MEng students will be eligible for the summer tuition subsidy of about $15,000 applied to the summer tuition.

A limited number of students will be be eligible to receive MIT MEng Scholarship of up to a total of $7,500 to cover tuition, usually split between two awards in late May of the enrolled Spring semester, and July of the Summer semester.  

Note that for students that receive an external award and fellowships that cover tuition, MIT applies these to offset tuition costs before reducing the MIT MEng Scholarship. Due to regulations, the MIT MEng scholarship is reduced so that the combination of outside awards and the MEng scholarship does not exceed the total net tuition costs for the program. For most students this amounts the summer of the Fall and Spring semesters and the subsidized Summer tuition. For accepted applicants who have the completed the POM MicroMasters by the Fall semester following their application in December, the tuition is only the Spring semester and subsdized summer tuition as they join the cohort in the Spring semester, 13 months after their application. 

Teaching (TA-ships) or Research (RA-ships) funding cannot be used to support this degree.
The MEng is an intense professional degree program that requires full time effort during all 12 months, and therefore MEng students are not eligible or able to undertake Teaching or Research Assistantships. 

We encourage all students to apply independently for as many outside scholarships and Fellowships as possible. MIT defines outside scholarship awards as any private or state scholarship, grant or benefit received. This may include merit-based scholarships from private foundations, government institutions, tuition benefits from parents' employer or state grant programs. (e.g. Fulbright or other external foundations)

U.S. citizens or permanent residents may apply through Student Financial Services (SFS) for federal and private student loans and/or student employment under the Federal Work-Study Program. International graduate students may only apply for private student loans.

Information on loans and student employment can be found at the Graduate Student Financial Aid Office, including tips about finding outside fellowships. 

Neither a department nor the Institute itself has the financial resources to provide support for all deserving students. Thus, it is important that prospective students explore all sources of aid available outside MIT to find means of financing their graduate programs.

Approximate Additional Expenses

Your actual expenses will vary depending on your choices of dining and housing options, travel, and other out-of-pocket expenses. Below are some estimates based on previous students' experience. 

9-Month Academic Year Expenses (2019 – 2020)

Additional expenses to consider may include:

  • Books and supplies: $2,816
  • Food (off-campus): $4,634
  • Local transportation: $2,736
  • Personal expenses: $5,250

3-Month Summer Term Expenses

On-campus housing rates for the summer are the same as the academic year.

MIT Extended Health Insurance Plan continues to offer coverage through the summer term.

Totals based on MIT Financial Office 2018-2019 costs. 

Students will receive a more detailed expected cost letter from the financial aid office, which can be presented to private lenders for private loans.

Overview of Additional Expenses and Fees

  • MIT Student Medical Plan: Provides all MIT students with healthcare and services during their time at MIT. To learn more about the medical plan, visit the MIT Medical Website.
  • MIT Student Extended Insurance Plan: A comprehensive health insurance plan in conjunction with Blue Cross Blue Shield Massachusetts. To learn more about the extended plan, visit the MIT Medical Website.
  • Housing: MIT graduate students have the option to live on or off the MIT campus. To learn more about on-campus graduate housing visit the MIT Housing Website. If you choose not to live on campus, the MIT Housing Office can still assist in your housing search. Visit the MIT Off-Campus Housing Website to learn more about your options.

Additional Resources